In Cochran v. Commissioner, 159 T.C. No. 4 (2022), the Tax Court rendered a precedential decision and ruled that the enactment of 11 U.S.C. § 1141(d)(5) created a limitation to the Tax Court’s prior holding in Moody v. Commissioner, 95 T.C. 655 (1990) with respect to the effect under 11 U.S.C. § 362(c) of a confirmation of…

Certain transfers made within 90 days of a bankruptcy filing can be set aside by the bankruptcy trustee if a creditor received an interest in a debtor’s property on account of a pre-existing debt while the debtor was insolvent, and the transfer puts the creditor in a better position than it would have been in…